Global Service Robotics Market Report

Increasing smart technologies, growing applications of healthcare, rapid industrialization, increasing investments in R&D, and increasing usage of service robots in defense and security are the key factors driving the market growth. The future market for the service robots lies in personal robots used in household applications. Lack of sophisticated cognitive competencies and high cost are the factors hindering the market growth.

To reduce the workload of humans, applications of service robots are expected to use in every sector. defense service robots accounted for more than 40% of the global service robots market in 2014. Unmanned aerial vehicles appear to be the most significant application. The sales of farming automation and livestock breeding are increasing the professional service robots market. Asia Pacific has the largest and fastest growing market for service robots and is expected to witness significant growth rate during the forecast period. Rapid industrialization and advancement in production capacities are promising the market growth in North America. U.S. has the major market for service robots in this region.

We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.